Many people in India are moving away from major cities like Delhi and Mumbai, leading to a notable increase in property prices in nearby areas. A recent report by eXp Realty India reveals that property prices have risen significantly, with several regions experiencing double-digit growth since the start of 2024. Gurugram, located just outside of Delhi, has seen the most substantial increase, with...
Gurugram, a premier real estate market in India, experienced a significant increase in new project launches, reaching Rs 88,000 crore in calendar 2024, compared to Rs 45,000 crore in 2023, with developers concentrating on upmarket luxury projects featuring larger flats. According to Haryana RETA data, whilst 239 projects worth Rs 64,000 crore were launched in Gurugram in 2017, the number decreased to...
The Reserve Bank of India’s recent decision to cut the repo rate by 25 basis points to 6.25 per cent is set to boost the real estate sector. Coming after nearly five years, the first reduction in the repo rate is expected to have a significant impact on housing demand, investment sentiment, and new project launches. RBI Repo Rate Cut, RBI Repo Rate Cut Impact on Real Estate Sector The reduction may...
New Delhi, Feb 10 (PTI) Real estate company Smartworld Developers has awarded Rs 532 crore contract to Varindera Constructions for its upcoming project in Gurugram. In a statement on Monday, the company said it has awarded contracts worth about Rs 1,400 crore for its various projects in just six months. "For its upcoming iconic project, Smartworld Sky Arc, the company has awarded the construction...
